Galaxy Medicare IPO Subscription Status

As of 11 September 2025, 5:00 PM (Day 2), the Galaxy Medicare IPO was subscribed 0.84 times in total.

• QIB portion: 1.00×
• NII portion: 1.05×
• RII portion: 0.70×

The company received bids for 33,06,000 shares against 39,24,000 shares available. On Day 1, the subscription stood at 0.47×.

About Galaxy Medicare

Founded in 1992, Galaxy Medicare has over 30 years of experience manufacturing, marketing, and exporting medical devices, POP bandages, and surgical dressings. It owns 27 registered trademarks, including well-known brands such as POP BAND, POP CAST, G CAST, and CARETAPE.

Galaxy Medicare supplies products to government health departments, major hospitals, and private companies, building a strong presence across India. The company employs around 190 people, focusing on product innovation, quality improvement, and cost efficiency to meet global standards. Its dedicated quality-control unit ensures each product’s design, quality, and finish meet international requirements, supported by modern tools, machinery, and technology.

Financial Highlights

• Revenue: ₹40.27 crore in FY 2025 vs ₹36.94 crore in FY 2024
• Profit: ₹3.37 crore in FY 2025 vs ₹3.71 crore in FY 2024

Grey Market Premium (GMP)

As of Thursday, 11 September 2025, the Galaxy Medicare IPO GMP was ₹3, indicating an estimated grey-market price of ₹57 compared with the ₹54 issue price.